GDP 2022, Italy “doubles” France and Germany

Italy Istat energy shock costs 07 percentage points of GDP

(Tiper Stock Exchange) – 2022 record for Italy: despite the growth of inflation, the expensive energy and the boom in prices raw materials have created quite a few problems a families and businessesin the lasts 12 months (third quarter 2022 over third quarter 2021), Italian economic growth was double that recorded by our main commercial competitors present in the euro area. If in our country, in fact, the GDP increased by 2.6 percent, in Germany it grew by half (+1.3 percent) and in France by even less (+1 percent).

To say it is the Studies Office of the CGIA explaining that always in the same periodthe average of the Euro-19 area it rose by 2.3 percent. In short, this year we have “routed everyone, proving that we have successfully put the pandemic crisis behind us. Sure, the 2023 will be a difficult year: up all of Europeindeed, very worrying winds of crisis are blowing. However, with an economy than in the latter two years Yes is definitely strengthenedwe should have less trouble than others to deal with this new adverse scenario.

Although the effects cheap provoked in 2020 from the pandemic have been more negative from us (-9 percent of GDP) and in Berlin (-3.7 per cent) ea Paris (-7.8 percent), too extending the observation time frame (Q3 2020 vs. Q3 2022), lo score of our country was superior to that of our competitors. If in Italy the GDP increased by 7.5 percent, in France the increase was by 4.6 percent and in Germany by 3.2 percent. In the Euro19 area, on the other hand, it reached 6.3 percent.

Recalling that made 100 the Italian GDP the 73 per cent is attributable to services (Public administration, commerce, tourism, business and personal services, etc.), the 20 per cent to industry, 5 per cent to construction and 2 per cent to the primary sector (agriculture, fishing, etc.), in the first 9 months of this year national wealth increased by 4.4 per cent. The major contributions to growth are to be ascribed, in particular, to the most significant sectors of our economy. Although the data are partly “conditioned” by the increase in prices, in the first nine months of 2022 the services revenue rose 15.3 per cent and that of industry by 19.4 per cent, while the construction production increased by 14.1 percent.

From the analysis of the sub-sectors it emerges that in services the 2022 turnover on that of 2021 of air transport and travel agencies-tour operators more than doubled. In the first case, the increase was 102.8 percent, in the second case even 123.2 percent, but despite these growth rates, these two sectors still suffer from a significant gap compared to pre-Covid levels. Finally, in the manufacturing sector, the results of the increase in the production of technological products (+7.4 per cent), petroleum products (+8.4 per cent), pharmaceuticals (+8.7 per cent) and textiles stand out clothing (+9 percent)

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